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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Exela Technologies
Exela Technologies (XELA) investor relations material
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Exela Technologies Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2024 earnings summary29 Nov, 2024
Executive summary
Q3 2024 revenue reached $269.2 million, up 6.3% year over year, led by ITPS growth, while Healthcare Solutions and LLPS declined.
Net loss for Q3 2024 was $24.9 million, an improvement of $2 million sequentially but up from $23.1 million in Q3 2023.
Adjusted EBITDA was $14.6 million, down 24.2% year over year but up 6.7% sequentially.
Gross margin declined to 20.2%, down 1.4% year over year and 3.3% sequentially, mainly due to higher postage costs.
Nasdaq delisted the company's shares in November 2024; shares now trade on OTC Pink.
Financial highlights
ITPS revenue increased 11.5% year over year to $192.0 million; Healthcare Solutions and LLPS declined by 5.3% and 2.4%, respectively.
SG&A expenses were $35.1 million, down 0.8% year over year and 16% sequentially.
Interest expense for Q3 2024 was $23.4 million.
Cash, restricted cash, and equivalents at September 30, 2024, were $45.6 million; working capital deficit was $262.8 million.
Over $113 million in total contract value was renewed in the quarter, with a 90% renewal rate.
Outlook and guidance
Management is focused on cost savings, new financing, asset sales, and strategic growth initiatives to address liquidity and debt obligations.
Plans to spend approximately 1.2% of total revenue on capital expenditures over the next twelve months.
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Latest events from Exela Technologies
- Annual meeting to vote on directors, pay, auditors, and preferred stock amendments.XELA
Proxy Filing - Key votes on directors, pay, stock plan, and preferred stock changes at June 13 annual meeting.XELAProxy Filing
- Q2 2024 revenue fell 10%, but gross margin rose and net loss improved amid liquidity risks.XELAQ2 2024
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Frequently asked questions
Exela Technologies Inc. is an American company specializing in business process automation (BPA). The company's offerings encompass a broad range of services and products aimed at enhancing operational efficiencies, including enterprise information management, transaction processing services, and business process automation solutions. Exela operates across multiple sectors, offering industry-specific solutions for banking, healthcare, insurance, and the public sector, as well as departmental solution suites that address finance and accounting, human capital management, and legal management. Exela Technologies Inc. is headquartered in Irving, Texas, and its shares are listed on the Nasdaq.